Cencosud reports a second-quarter loss: Cencosud stock sits 1.49 percent above its low

Published on 10/02/2026 at 05:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The second quarter brought a CLP 18.0 billion loss. For Cencosud stock, online sales grew 14.60 percent year over year.

Cencosud, CL0000000100, Illustration mit AI erstellt.

Cencosud (CL0000000100) reported a CLP 18.0 billion net loss in the second quarter of 2026, while its Santiago Stock Exchange quote stood at CLP 1,890.00 on October 1, 2026, 1.49 percent above the 52-week low of CLP 1,862.20. As Yahoo Finance reported on August 7, 2026, revenue reached CLP 4.1 trillion and adjusted EBITDA fell 12.30 percent year over year to CLP 329.0 billion.

Loss reflects financial pressure

The loss was tied largely to non-operating factors, including foreign-exchange effects, inflation-linked accounting costs on US dollar debt and transformation spending. Cencosud's second-quarter adjusted EBITDA nevertheless remained positive at CLP 329.0 billion, giving investors a clearer view of operating performance than reported net income alone.

Underlying activity was mixed. Online sales increased 14.60 percent year over year across the region, while revenue excluding foreign-exchange conversion, portfolio investments and store closures grew 4.50 percent. That contrast matters because the company's digital and customer-engagement initiatives are advancing even as consolidated profitability remains under pressure.

Digital growth offsets weaker margins

The earnings call also highlighted regional differences. Adjusted EBITDA grew 80.00 percent in Colombia, 8.10 percent in Brazil excluding a prior-year gain, and 105.70 percent in Argentina's supermarket division. In Chile, online supermarket sales increased 13.60 percent and online penetration reached 16.40 percent.

Management said the productivity plan had required about CLP 17.0 billion of investment through the second quarter, with most changes expected to be completed by the end of 2026. The company also maintained a target of three times net leverage and reported approximately USD 820.0 million of liquidity at the quarter's end.

Analyst target remains below prior level

According to Simply Wall St on September 3, 2026, analysts reduced the 12-month Cencosud price target from CLP 2,042.73 to CLP 1,970.00. The cut of 3.56 percent puts the target only 4.23 percent above the October 1 quote, leaving the earnings recovery and margin trend central to the valuation debate.

Cencosud's market capitalization stood at CLP 5.2 trillion on October 1, 2026. Its 52-week range was CLP 1,862.20 to CLP 3,238.00, so the share price was 41.64 percent below the yearly high, a wider gap than the 1.49 percent cushion above the low.